Since March, when the lockdowns ordered by state and local governments began due to the novel coronavirus, Congress has passed $3.8 trillion in four COVID-19 response bills. While the economic damage continues from these lockdowns, Congressional discussions about more action is at a stalemate. In lieu of other Congressional action, the Foundation’s proposed Recovery Act would narrowly target resources temporarily to aid businesses operating and workers working.
An insider’s insight on today’s economy.
U.S. Economic Situation—April 2021 Many Americans continue recovering from the reces- sion that began in March 2020 due to the COVID-19 pandemic and forced business closures by state and local governments. The economy had expanded in the second half of 2020 as many of those governments removed or reduced restrictions on the private sector. I highlight...